Indices Open Weak Amid Weak Global Cues; Nifty At 14501

Indian indices after having lost sharply in the previous session, opened flat amid mixed global cues and rising coronavirus cases across the country. At the start, Sensex was down by 134 points, while Nifty dropped 47 points to 14501. Broader markets however traded weak by 0.2%.

Meanwhile, investors will also be tracking oil price movement, stock-specific news as well as global cues. Also, Fitch Ratings has revised higher its growth forecast for the FY22 to 12.8% from the earlier 11 percent, providing the rationale that the economy's recovery from the technical recession has been faster than expected.

All the Nifty sectoral indices traded in the red, with maximum cut in the media and PSU Bank spaace.

Shares of Laxmi Organic as well as Craftsman Automation will see their listing today.

Vakrangee partnered with TransUnion Cibil, the largest credit information company of the country. The association will help the company in augmenting financial inclusion by offering easy access to CIBIL score and report to consumers via Nextgen Vakrangee Kendra network.

Meanwhile, Asian markets at the time of writing this copy had been mixed with Hong Kong's Hang Seng down by 0.16%, while other Asian indices traded higher by up to over 1 percent.

In the oil market, oil prices fell by another 2 percent demand concerns for the commodity resurface owing to fresh coronavirus led restrictions. Brent crude futures slipped 1.8% to $63.27 per barrel, after gaining 6 percent overnight.

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